Nvidia CEO Jensen Huang holds a Blackwell GeForce RTX 50 Series GPU (L) and a RTX 5000 laptop as he delivers a keynote address at the Consumer Electronics Show (CES) in Las Vegas, Nevada on January 6, 2025.
Patrick T. Fallon | Afp | Getty Images
Nvidia reported fourth-quarter earnings on Wednesday after the bell that beat Wall Street expectations and the company provided strong guidance for the current quarter.
Shares were flat in extended trading.
Here’s how the company did, compared with estimates from analysts polled by LSEG:
- Revenue: $39.33 billion vs. $38.05 billion estimated
- Earnings per share: $0.89 adjusted vs. $0.84 estimated
Nvidia said that it expected about $43 billion in first-quarter revenue, plus or minus 2%, versus $41.78 billion expected per LSEG estimates.
Net income during the quarter rose to $22.09 billion, or 89 cents per diluted share, versus $12.29 billion or 49 cents per share in the year ago period.
Revenue continues to surge at Nvidia as the company continues to ride the AI boom with its data center graphics processors, which comprise the vast majority of the market for AI accelerators. Nvidia’s revenue in the quarter rose 78%, and full fiscal-year revenue for Nvidia rose 114% to $130.5 billion.
This calendar year, much of the focus is on how quickly the company can ship its next-generation AI processors, called Blackwell. Nvidia CEO Jensen Huang said that demand for Blackwell is “amazing” in a statement.
Those sales are in the company’s data center business, which now comprises 91% of the company’s total sales, up from 83% a year ago and 60% in the same period of 2023. In total, data center revenue has increased about tenfold in the past two years.
Nvidia said that it had $35.6 billion in data center revenue in the fourth-quarter, which was up 93% on an annual basis. That also surpassed FactSet expectations of $33.65 billion.
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